Cerebras Aims for Venture-Backed IPO
This is a U.S. news story, published by CNBC, that relates primarily to Rubrik news.
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AI chipmaker CerebrasCNBC
•Cerebras IPO has 'too much hair' as AI chipmaker tries to sell Wall Street on Nvidia alternative
86% Informative
AI chipmaker Cerebras is trying to be the first major venture-backed tech company to go public in the U.S. since Rubrik 's IPO in April .
The company has a big tail wind thanks to technology that competes with Nvidia , but its prospectus is littered with red flags.
None of the three leading tech investment banks — Goldman Sachs , Morgan Stanley and JPMorgan Chase — are on the deal.
Cerebras ' CEO Andrew Feldman pleaded guilty in 2007 to circumventing accounting controls.
The major Wall Street banks, for their part, are finding other ways to play in the burgeoning AI infrastructure market.
For the other three venture-backed IPOs this year , the accountants were KPMG and PwC , which are two of the Big Four.
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